Dale Black shares CFO experiences with students
October 07, 2010,
As a college freshman, Dale Black began pursuing a degree in education. In time, he strayed from his initial plan, graduating with a degree in accounting. His training prepared him for success in the business world. But recently, Mr. Black got the chance to test his legs in front of a class.
Black is the Senior Vice President and Chief Financial Officer of Isle of Capri Casinos, Inc. The 1984 College of Business alumnus began his career as an auditor for Arthur Anderson until 1991. Black then worked for Creative Data Services for two years before entering the gambling/gaming industry. While working at Argosy Gaming Company from 1993 to 2005, he was promoted to Senior Vice President and Chief Financial Officer. He then served as Executive Vice President and Chief Financial Officer at the Trump Entertainment Resorts in Atlantic City from 2005 to 2007.
Black spoke to the Financial Management and Advanced Financial Management classes on October 13, 2010. He tailored the session to relate his career experiences to the concepts of the class. Having been the Certified Financial Officer of three public companies in the gambling/gaming industry, Black has numerous experiences to pull from, some of which include decisions on capital structure and fighting for allocations of funds.
Black believes that students need to develop a solid base of technical skills so that they can rely on their intuition to make tough decisions. “People get caught up with rules, methods, and formulas to arrive at decisions, but they need to look at the subjective factors and find a balance between the two,” said Black.
Black encouraged students to get involved with the presentation. “I want to have a dialogue with the class, and give them the opportunity to ask real world questions. That way, students can counterbalance the technical aspect of learning with textbooks with the chance to interact with somebody to see where that knowledge would be applied,” said Black.